Health Savings Accounts
Take Charge of Your Health with a HSA from FMB Bank.
A Health Savings Account (HSA) in conjunction with a high-deductible health plan (HDHP) is a new way to lower your health care costs. It's a tax-advantaged account that can be used to pay for day-to-day eligible medical expenses. Your HSA is also an excellent way to save for retirement as the money in your account continues to grow tax-free, year after year.
Reasons to Open a Health Savings Account Today
- Freedom of choice over your health care decisions
- Long-term savings
- Tax savings
- Interest earnings
- Stays with you - fully portable
Your HSA works just like a regular checking account. You can either write a check or use your debit card to pay for qualified medical expenses. Statements can be mailed or viewed online, and you'll receive a year-end report for tax purposes.
Account Features
- No Minimum Balance
- Free Debit Card
- Free Internet Banking
- Monthly e-Statements
- Earn Interest
- Year-End Report
*Please note: To be eligible for an HSA account you must be enrolled in a High Deductible Health Plan (HDHP), cannot have additional healthcare coverage including Medicare or VA benefits, and cannot be claimed as a dependent. HSA accounts cannot be rolled or transferred into any IRA account.